The COVID-19 pandemic spread at an alarming rate, infecting millions of people, and imposing strict restrictions on the movements of countries to stop the spread of the virus, almost stalling economic activity. As health and human suffering increase, economic harm is already apparent and represents the greatest economic shock the world has experienced in decades.
In June 2020 the Impact Of Covid 19 On Global Economy describes both the short-term and short-term outlook for the impact of a pandemic and the long-term damage it has addressed its growth outlook. The baseline forecast assumes that global GDP will shrink by 5.2% in 2020. It uses the weight of market exchange rates, despite the government's extraordinary efforts to counter the recession with the support of the fiscal and monetary policy. Over a longer period of time, the severe recession caused by the pandemic will leave permanent scars due to reduced investment, human capital erosion due to unemployment and school education, and fragmentation of global trade and supply links. Expected.
The crisis highlights the need for urgent action to mitigate the health and economic implications of a pandemic, protect vulnerable people, and prepare for a lasting recovery. For emerging markets and developing countries, many facing difficult vulnerabilities, strengthen public health systems, address the challenges posed by informal, and provide strong and sustainable growth after the health crisis has subsided. It is important to implement supporting reforms.
There is no way to know exactly what the economic damage of the new coronavirus pandemic of COVID-19 worldwide will be, but economists say that it will have a serious negative impact on the global economy. There is widespread agreement between them. Early estimates predict that most major economies will lose at least 2.4% of their gross domestic product (GDP) value in 2020 in the event of a pandemic, with economists in 2020. Forecast of global economic growth from about 3.0% to 2.4%. Looking at this figure, the global GDP in 2019 was estimated at around the US $ 86.6 trillion. That is, a mere 0.4% decline in economic growth represents a loss of economic production of approximately US $ 3.5 trillion.
Over the past two months, the entire SEO services provider community has been discussing the latest COVID-19 pandemic outbreak and its impact on organic traffic and performance. There was a significant drop in the organic performance of websites across a variety of industries. At the same time, there are many vertical markets where there is a significant increase in organic traffic. There are various new search engine results page (SERP) features that appear in various search engines such as Google.
The heightened economic tensions and uncertainties of COVID-19 have had dramatic impacts on various companies and industries. Many industry experts say that from March 12th to 16th, 2020, there were significant changes in organic traffic and revenue.